c)“ Quotation” means the
form of a quotation submitted by the Seller to the Buyer in which these
Terms & Conditions are incorporated.

d) “ Sales or Tax Invoice” means the sales invoice issued
by the Seller to the buyer in which these Terms & Conditions are
incorporated.

2)Contract of Sale

The purchase order is a binding document between the seller and the
Buyer and incorporates the Terms & Conditions as set out in this
document.

3)Terms Of Payment

Payment in full in AUD dollars including GST, as applicable, for the
amount shown on the Invoice supplied STRICTLY within the agreed trading
terms.

Outstanding payments outside of the
agreed trading terms will incur an interest rate equivalent to the CBA
overdraft rate plus 1% per annum calculated on a daily basis.

4)Inspection and Acceptance

The Buyer shall inspect the goods upon
receipt and shall within forty eight (48) hours of delivery give notice
to the Seller of any matter by which the Buyer alleges the goods are
not in accordance with the Buyer’s order. Failing such notice, the goods
shall be deemed to have been delivered and accepted by the Buyer.

5)Purchase Order

The purchase order must be signed
by an authorised signatory. The Buyers PO is a binding legal document
authorising the Seller to supply.

The order and contract can only be varied or canceled up until the
point prior to the receipt of raw materials by the Seller for the order
and/or the commencement of manufacture of the goods, and is at the
discretion of the Seller.

Once commencement of manufacture and/or receipt of raw materials is
incurred by the seller then supply of the order is committed. The buyer
is obligated to take receipt of the ordered goods and remit payment
in full. Any acceptance of variations or cancellations is at the discretion
of the Seller.

6)Returns

All returns must be approved by the
Buyer prior to freighting.

Goods that meet the Buyers specified
order and returned due to the Buyers own variations, can only be returned
at the Sellers discretion and will incur a 10% charge of invoice value
to cover handling and stocking.

7)Metal Pricing

Non Ferrous wire products are supplied from commodity metals (copper,
aluminium, zinc etc.) traded daily on world markets. The Seller ensures
all metal financial transactions are based upon the London Metal Exchange
(LME) market rates using the LME Monthly average or M-1 rates in Australian
Dollar (AUD) currency.

It is the policy of the Seller that
once a firm purchase order is received by the Seller, the metal price
component will be fixed and held for the delivery of that order.

Conversely, a firm booking from a Buyer
means that the Buyer is obligated to purchase the metal at the agreed
quoted price regardless of subsequent movements in market metal prices.

8)Quotation Validity

All quotations are made up of the Sellers
conversion Premium and the base metal (LME derived ) price.

The “Premium “ component of the quoted price is valid for 14 days.

The “ Metal” component is valid for 3 working days due to the continual
movement in world metal prices.

The buyer is requested to confirm ALL
quotations at the day of order.

9)Passing Of Property and
Risk

Goods supplied by the Seller to the Buyer shall be at the Buyers risk
immediately upon delivery to the Buyer and/or into the custody of the
buyer’s agent or freight handler. The Buyer shall thereafter insure
the goods for any risks it deems appropriate .

Legal title to the supplied goods shall
remain the property of the Seller until payment is received in full.

The Buyer irrevocably authorizes the
Seller at any time to enter the premises upon which :

a)The Sellers good are stored
to enable the Seller to inspect the goods and/or inspect the records
of consumption,

b)If the Buyers breaches
these T&C, then reclaim the goods with all costs of reclamation
to the Buyer.

10)Warranty

The Seller is not a consultant to the
Buyer and apart from warranting the standard and quality of the goods
to the ordered specification is not liable for any consequential loss
arising out of the use of the product for any purpose.

The Seller is not liable for any damage or deterioration
of the product after delivery to the Buyer, or if freighted by Buyer
to the Buyers nominated freight agent.

The liability of breach of warranty
is limited to :

a)Replacement or repair
of the goods by the Seller, or

b)Refund the purchase price
less the determined value of the defective goods.

11)Quality of Supplied Goods

The buyer and seller agree to the standard/quality
for the product as follows;

a)The goods will comply
with the stated standard as shown on the Buyers Purchase Order and shall
where applicable conform to Australian Standards for manufacturing specifications.,

b) All material will be supplied from LME `A’ grade metals.

12)Supplied Quantities

The Sellers declared nett weights are
conclusive.

Invoice values are payable on the Sellers
declared nett weights.

All goods are supplied on a –3% / +5% allowable weight tolerance per
each ordered item. The Seller reserves the right to submit any over/
under-supply outside of these tolerances to the Buyer for acceptance.
The Buyer reserves the right to refuse this acceptance.

Orders for supply in length will be supplied on the Sellers declared
length, however the invoice value will be based upon the governing nett
weight.

13)Delivery

Shall be either;

a)The Seller will pay for
Free on Truck FOT at the customers kerb address as nominated on the
order, or

b)The Buyer will arrange
and pay for the goods to be collected from the Sellers store and take
responsibility for the goods from that point on.

14)Default of Buyer

If these Terms & Conditions are not strictly observed by the Buyer,
the Seller my in its absolute discretion, refuse to supply the buyer.
The Seller will not be liable for any consequential loss or damage
that may be sustained as a result.

The costs of collection of any outstanding
moneys due and payable by the Buyer, including all fees incurred for
legal action and/or debt collection agencies engaged by the Seller shall
be payable by the Buyer.

15)Force Majeure

If in the performance of its obligations the Seller is prevented, restricted
or affected by reason of Force Majeure including war, civil commotion,
political disturbance, industrial actions, revolt, riot, legal sanctions,
acts of God, raw material shortages and/or delays, breakdown of plant,
transport or equipment or any other cause beyond the reasonable control
of the Seller, the Seller can elect to cancel or reasonably delay the
supply of ordered goods.

16)Credit Reporting

Where goods are supplied to the Buyer
on credit the buyer irrevocably authorizes the Seller, or its employees
and agents to make such inquiries as it deems necessary to investigate
the credit worthiness of the Buyer. This includes but is not limited
to making inquiries to nominated trade references, the bankers of the
Buyer or other credit providers or institutions who provide credit worthiness
information. The Buyer hereby authorizes the information sources to
disclose to the Seller such information concerning the Buyer which will
allow the Seller to make a judgment as to the credit worthiness of the
Buyer.

17)Governing Law

Any dispute in relation to this contract
shall be subject to the jurisdiction of the Courts and Laws of the Sate
of New South Wales.